About Verve Motion
Verve Motion is a company based in Cambridge (United States) founded in 2020 by Nathalie Degenhardt, Mike Rouleau, Conor Walsh, and Ignacio Galiana.. Verve Motion has raised $45.56 million across 2 funding rounds from investors including Safar Partners, Cybernetix Ventures and Construct Capital. Verve Motion offers products and services including SafeLift Exosuit. Verve Motion operates in a competitive market with competitors including 9Solutions, Theatro, Human Condition Safety, Inlight Labs and Soter Analytics, among others.
- Headquarter Cambridge, United States
- Founders Nathalie Degenhardt, Mike Rouleau, Conor Walsh, Ignacio Galiana
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.56 M (USD)
in 2 rounds
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Latest Funding Round
$30.56 M (USD), Series B
Jul 21, 2023
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Investors
Safar Partners
& 8 more
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Employee Count
Employee Count
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Products & Services of Verve Motion
Verve Motion offers a comprehensive portfolio of products and services, including SafeLift Exosuit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Powered device to assist lifting and reduce worker injuries.
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Funding Insights of Verve Motion
Verve Motion has successfully raised a total of $45.56M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30.56 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $30.6M
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First Round
First Round
(15 Jul 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - Verve Motion | Valuation | Safar Partners | |
| Jul, 2021 | Amount | Series A - Verve Motion | Valuation | Construct Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Verve Motion
Verve Motion has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Safar Partners, Cybernetix Ventures and Construct Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Safar Partners is engaged in investing in technology startups.
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Founded Year | Domain | Location | |
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Investments are focused on robotics, automation, and AI startups.
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Founded Year | Domain | Location | |
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Construct Capital is focused on investing in foundational industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verve Motion
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Verve Motion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verve Motion Comparisons
Competitors of Verve Motion
Verve Motion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 9Solutions, Theatro, Human Condition Safety, Inlight Labs and Soter Analytics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Indoor positioning wearables are developed for safety and productivity.
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| domain | founded_year | HQ Location |
IoT and AI-based workforce communication platform is provided.
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| domain | founded_year | HQ Location |
Wearable technology and AI software are developed for industrial safety.
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| domain | founded_year | HQ Location |
IoT-enabled workforce and asset management is offered for facility operations.
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| domain | founded_year | HQ Location |
Wearable devices for enhancing safety in workplaces are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verve Motion
Frequently Asked Questions about Verve Motion
When was Verve Motion founded?
Verve Motion was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Verve Motion located?
Verve Motion is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Verve Motion?
Ignacio Galiana is the current CEO of Verve Motion. They have also founded this company.
Is Verve Motion a funded company?
Verve Motion is a funded company, having raised a total of $45.56M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jul 15, 2021.
What does Verve Motion do?
Verve Motion was founded in 2020 in Cambridge, United States. IoT solutions focused on workforce monitoring and safety are developed and supplied. An apparel suit designed for employee protection is offered, with capabilities to minimize strain, fatigue, and injury risks. Key elements include streamlined donning and doffing, extended battery duration, motion tracking, and robotic actuators. Utilization spans supply chain, logistics, construction, airline services, automotive, and healthcare industries.
Who are the top competitors of Verve Motion?
Verve Motion's top competitors include 9Solutions, Theatro and Inlight Labs.
What products or services does Verve Motion offer?
Verve Motion offers SafeLift Exosuit.
Who are Verve Motion's investors?
Verve Motion has 9 investors. Key investors include Safar Partners, Cybernetix Ventures, Construct Capital, Pillar VC, and Oxford University Press.
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